Lambrecht is president of InvestmentManagement Inc., which ownsa site between North 5thand North 7th streets in DowntownMinneapolis. Heargues that his site would be less expensive--upto$100 million cheaper--than others being consideredbecause italready has nearby parking and publictransportation.
A 40,000-seat open stadium wouldlikely cost from $250 million to$270 million, hesays. Lambrecht made his case to the NewBallparkInc. panel, a 17-member group appointed by city andbusinessleaders to study issues concerning aprivately-funded ballpark forthe Minnesota Twins.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
